PVH Corp’s filing revealed that its EVP, General Counsel & Sec. FISCHER MARK D unloaded Company’s shares for reported $0.43 million on Jan 11 ’24. In the deal valued at $123.00 per share,3,500 shares were sold. As a result of this transaction, FISCHER MARK D now holds 27,903 shares worth roughly $3.75 million.
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Then, FULLER JULIE sold 3,650 shares, generating $440,884 in total proceeds. Upon selling the shares at $120.79, the Chief People Officer now owns 16,191 shares.
Before that, HAGMAN MARTIJN sold 18,900 shares. PVH Corp shares valued at $2,186,541 were divested by the CEO TH Global/PVH Europe at a price of $115.69 per share. As a result of the transaction, HAGMAN MARTIJN now holds 49,514 shares, worth roughly $6.65 million.
TD Cowen upgraded its PVH Corp [PVH] rating to an Outperform from a a Market perform in a research note published on February 16, 2024; the price target was increased to $150 from $86. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “a Buy”. Telsey Advisory Group also remained covering PVH and reiterated its “an Outperform” recommendation on December 12, 2023. Telsey Advisory Group maintained its rating on December 01, 2023. It rated PVH as “an Outperform”.
Price Performance Review of PVH
On Friday, PVH Corp [NYSE:PVH] saw its stock fall -2.61% to $134.35. Over the last five days, the stock has gained 2.62%. PVH Corp shares have risen nearly 10.01% since the year began. Nevertheless, the stocks have risen 82.69% over the past one year. While a 52-week high of $139.59 was reached on 03/04/24, a 52-week low of $69.27 was recorded on 01/18/24. SMA at 50 days reached $128.34, while 200 days put it at $97.61. A total of 0.74 million shares were traded, compared to the trading of 0.61 million shares in the previous session.
Levels Of Support And Resistance For PVH Stock
The 24-hour chart illustrates a support level at 133.34, which if violated will result in even more drops to 132.33. On the upside, there is a resistance level at 136.05. A further resistance level may holdings at 137.75. The Relative Strength Index (RSI) on the 14-day chart is 54.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.90, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 44.61%. Stochastics %K at 73.94% indicates the stock is a holding.
How much short interest is there in PVH Corp?
A steep rise in short interest was recorded in PVH Corp stocks on Feb 29, 2024, dropping by -0.35 million shares to a total of 2.29 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.64 million shares. There was a decline of -15.28%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.06% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.54.
The most recent change occurred on November 07, 2023 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $100 price target.
